ASIA CEMENT (1102) Q4 2025 earnings summary

Executive summary

• Revenue for 2025 was NT$71.0 billion, down 6.9% year-over-year; net income was NT$10.2 billion, a 19.3% decrease from 2024.

• Gross profit margin improved to 16% from 14% year-over-year, but operating income margin rose only slightly to 12%.

• Earnings per share were NT$3.00 (basic), compared to NT$3.86 in 2024.

• Total assets at year-end were NT$324.0 billion, with equity of NT$203.4 billion and liabilities of NT$120.6 billion.

Financial highlights

• Operating revenue declined to NT$71.0 billion from NT$76.3 billion year-over-year.

• Net income attributable to owners was NT$10.0 billion, down from NT$12.9 billion.

• Total comprehensive income dropped sharply to NT$6.5 billion from NT$20.9 billion.

• Cash and cash equivalents at year-end were NT$13.0 billion, nearly flat from prior year.

• Net cash from operating activities was NT$16.8 billion, down from NT$24.8 billion.

Outlook and guidance

• The board proposed a cash dividend of NT$2.30 per share for 2025, subject to shareholder approval.

• Management continues to monitor economic and property market conditions in China, which impact credit risk and demand.